Outperformance of small caps for a sixth straight day, so that is sort of the good news, but it is all a waitandsee game as we head into the ecb. Underperformance happening with btps in europe. Twitter earnings breaking as well. Revenue coming in stronger than estimated at it hundred 7. 6 million. 876are shifting at. Illion has a look at the monitor bullet daily active users, they came in at 166 million. That did beat estimates. They did add 14 million average monthly daily active users since the previous quarter. Seeing more activity. Now it is about monetizing that activity. Twitter is up by about 10 in premarket. More coming out later on in the show. We do want to give you a snapshot of all that is moving the market from our team in new york. We are going to begin with the data overnight in europe. Recession,s record plunging into record contraction, shrinking about 3. 8 . The slump adding a lot more urgency for joint physical support and puts more pressure on Christine Lagarde late
All of that leading to a stronger dollar and weaker commodities like oil. Under armour out with earnings as well. Lets get right to it. Their adjusted loss coming in 0. 34 a share, almost double what we had been expected. Net revenue for the First Quarter coming in at 930 million. That also came in light. They see a significant decline in revenue since midmarch, so no surprise there. Marriott coming out with their numbers as well. As you can tell, it is going to be bad. Marriott international looks at first court or revenue coming in of 4. 68 billion, a decline 6. 6 year on year. A really ugly number. They say they had liquidity about 4. 3 billion as of may 8, so obviously sustainability and solvency these kind of companies , especially hospitality, as well as airlines, really front and center. All of this really winds up depending on when the world can reopen. Lets get to all of our market movie news from new york. In london, u. K. Promised her Boris Johnson announced the first carefu
Time for todays market moving news from our washington and new york bureaus. President trump is pushing to reopen the economy, even if it leads to more deaths. Speaking in arizona in his first trip outside washington more than a month, the president is preparing for phase two of the u. S. Response to the coronavirus. Pres. Trump the people arent going to accept it. They wont accept it, and we shouldnt accept it. We have a great country. We cant keep it closed. Ive had doctors say, why dont we close it for a couple of years . This is the United States of america. Will some people be affected badly . Yes, but we have to get our country open, and we have to get it open soon. Alix Kevin Cirilli joins us with more. Good morning, kevin. Kevin good morning. The president returns from that trip to arizona, really signaling that he is going to be taking his message of reopening the economy back on the campaign trail in arizona, where polls have him trailing joe biden anywhere from 4 to 6 . Clea
You support the handling. The number if you oppose is 202 7488001. End us a text 202 7488003 nwj. Witter we are cspa we welcome your posts on facebook. For some perspective on the Coronavirus Task force established by the white house on january the 29th. The health and Human Services secretary originally leading that group and mice president Vice President pence was put in charge of the efforts at the end of february. They are reporting on the proposed ending of the task force. The wall street journal online saying that the white house is discussing phasing out Coronavirus Task force. Ack to that visit to phoenix the front page of the Washington Times with a photo of the president at the plant along with his chief of staff. Trump promises to build yearg he opened up a new vowing to rebuild and economy devastated by the coronavirus in the six months left before he faces voters judgment. On the work of the task force, here is what the president said. We cant keep our country closed for t
Under pressure after a big rally for a couple of days. That part of the risk asset trade, falling, pressuring stocks a little bit overall. Oild boil clearly clearly is important. Talk to us about u. S. Treasuries. We are going to have to borrow an awful lot of money and its putting the treasuries under some pressure. Abigail Something Interesting is happening. The announcement came out that treasury is going to be a lot of issuance at the long end of the curve. Longer bonds are selling off. The two year bond is rallying. You have this steepening for the yield curve, which is healthy. Some saying this issuance toward the long end is to steepen the yield curve, normalize it, so to speak. This steepening yield curve could create some of the stock we are seeing for stocks the chop we are seeing for stocks. That a steepening yield curve after uninversion last year we did have a brief after an inversion last year, we did have a brief inversion. Theres more issuance at the long end of the cur